Sunday, April 29, 2018

Monday:
• At 8:30 AM ET, Personal Income and Outlays for March. The consensus is for a 0.4% increase in personal income, and for a 0.4% increase in personal spending. And for the Core PCE price index to increase 0.2%.

• At 9:45 AM, Chicago Purchasing Managers Index for April. The consensus is for a reading of 57.8, up from 57.4 in March.

• At 10:00 AM, Pending Home Sales Index for March. The consensus is for a 1.0% increase in the index.

• At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for April. This is the last of the regional Fed surveys for April.

Oil prices were mixed over the last week with WTI futures at $67.93 per barrel and Brent at $74.22 per barrel. A year ago, WTI was at $49, and Brent was at $50 - so oil prices are up about 40% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.81 per gallon. A year ago prices were at $2.39 per gallon - so gasoline prices are up 42 cents per gallon year-over-year.